Military Spending and Economic Growth: Evidence from Jordan
The purpose of this research is to investigate the causal relation between military spending and economic growth in one of the MENA countries, Jordan using annual data over the period 1988-2007. The methodology used in this study follows Toda and Yamamoto (1995) procedure in order to test the Granger causality between economic growth and military spending. The empirical results reveal that military spending Granger causes economic growth in Jordan. Thus, these findings lend support to the hypothesis that military spending positively affect economic growth through increasing aggregate demand.
|Date of creation:|
|Contact details of provider:|| Postal: (971) 6-5055002|
Phone: (971) 6-5055002
Fax: (971) 6-585858
Web page: http://www.aus.edu/sba
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dritsakis, N., 2004. "Defense spending and economic growth: an empirical investigation for Greece and Turkey," Journal of Policy Modeling, Elsevier, vol. 26(2), pages 249-264, February.
- Abdul M.M. Masih & Rumi Masih & Mohammad S. Hasan, 1997. "New evidence from an alternative methodological approach to the defence spending-economic growth causality issue in the case of mainland China," Journal of Economic Studies, Emerald Group Publishing, vol. 24(3), pages 123-140, September.
- Yousif Khalifa Al-Yousif, 2002. "Defense Spending and Economic Growth: Some Empirical Evidence from the Arab Gulf Region," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(3), pages 187-197.
- Dakurah, A. Henry & Davies, Stephen P. & Sampath, Rajan K., 2001. "Defense spending and economic growth in developing countries: A causality analysis," Journal of Policy Modeling, Elsevier, vol. 23(6), pages 651-658, August.
- Zapata, Hector O & Rambaldi, Alicia N, 1997.
"Monte Carlo Evidence on Cointegration and Causation,"
Oxford Bulletin of Economics and Statistics,
Department of Economics, University of Oxford, vol. 59(2), pages 285-298, May.
- Zapata, Hector O. & Rambaldi, Alicia N., 1996. "Monte Carlo Evidence On Cointegration And Causation," Staff Papers 31690, Louisiana State University, Department of Agricultural Economics and Agribusiness.
- Toda, Hiro Y. & Yamamoto, Taku, 1995. "Statistical inference in vector autoregressions with possibly integrated processes," Journal of Econometrics, Elsevier, vol. 66(1-2), pages 225-250.
- World Bank, 2009. "World Development Indicators 2009," World Bank Publications, The World Bank, number 4367, December.
- Paul Dunne & Eftychia Nikolaidou & Dimitrios Vougas, 2001. "Defence spending and economic growth: A causal analysis for Greece and Turkey," Defence and Peace Economics, Taylor & Francis Journals, vol. 12(1), pages 5-26.
- Hannah Galvin, 2003. "The impact of defence spending on the economic growth of developing countries: A cross-section study," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(1), pages 51-59.
- Kollias, Christos & Manolas, George & Paleologou, Suzanna-Maria, 2004. "Defence expenditure and economic growth in the European Union: A causality analysis," Journal of Policy Modeling, Elsevier, vol. 26(5), pages 553-569, July.
- Chien-Hsun Chen, 1993. "Causality between Defence Spending and Economic Growth: The Case of Mainland China," Journal of Economic Studies, Emerald Group Publishing, vol. 20(6), pages 37-43, October. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:sha:ecowps:19-04/2014. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hamza Saleem)
If references are entirely missing, you can add them using this form.